@BusinessDaily

EDITORIAL: Beef up grain reserve

1 weeks ago, 14:32

By: Editorial

A move by the government to drastically reduce budgetary allocation for the strategic grain reserve will come with serious implications. The Division of Revenue Bill 2018 indicates that the Treasury has set aside Sh1.28 billion next year from Sh4.29 billion to replenish the country’s food stocks. The amount is just enough to buy 400,000 bags going by the Sh3,200 that the government was paying farmers for deliveries. But this quantity can only feed Kenyans for less than a week. The tragedy is tha ... Read More

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@BusinessDaily

EDITORIAL: Beef up grain reserve

1 weeks ago, 14:32

By: EditorialA move by the government to drastically reduce budgetary allocation for the strategic grain reserve will come with serious implications. The Division of Revenue Bill 2018 indicates that the Treasury has set aside Sh1.28 billion next year from Sh4.29 billion to replenish the country’s food stocks. The amount is just enough to buy 400,000 bags going by the Sh3,200 that the government was paying farmers for deliveries. But this quantity can only feed Kenyans for less than a week. The tragedy is tha ... Read More

Suggested

Kenyans will now pay 0.5 per cent less on all commercial loans following a revision of the policy rate from 10 to 9.5 per cent, meaning Kenyans will pay 13.5 per cent on loans compared to the 14 per c ...

The government’s thirst for infrastructure projects has sparked price and quality wars among cement manufactures.Devki Group chairperson Narendra Raval attributed the war to increasing inflow of subst ...

Insurance firms recorded significant growth during the fourth quarter of 2017, signalling tenacity in what most sectors have described as a tough economic environment.Data from the Insurance Regulator ...

Standard Chartered Bank last week launched its first digital bank in Africa.The bank, based in Côte d’Ivoire will have its digital services which range from opening a bank account to making a transact ...